Jack Welch joined Donald Trump this morning outside the New York NBC studio at the plaza, they talked about Jack Welch's appearance on The Apprentice. Towards the end of the video Jack Welch was asked about how jobs can be created.
Innovation and expanding the pie is the way to get jobs according to Welch. "Squeezing the lemon" is not going to help he says. Jack should know from GE because you can only increase productivity so much and then there is no where else to go with productivity and improved performance. You can no longer "squeeze " the lemon!
You have to think of a bigger pie and expansion. The latter requires boldness and an expansive outlook among business leaders apart from a climate of growth and risk taking from government.